Introduction to Maharatna, Navratna, and Miniratna Companies
Maharatna and Navratna Companies in India- The Government of India classifies Central Public Sector Enterprises (CPSEs) into three categories based on their performance, revenue, and other eligibility requirements:
- Maharatna – The highest category with more autonomy and powers.
- Navratna – A prestigious status allowing significant autonomy in operations.
- Miniratna – Divided into Category I and II, offering limited autonomy based on revenue and performance.
Latest Update: Hindustan Aeronautics Limited (HAL) Becomes a Maharatna
In 2024, Hindustan Aeronautics Limited (HAL) achieved Maharatna status, joining the ranks as the 14th Maharatna in India. This upgrade grants HAL greater operational autonomy and strategic flexibility.
As of 2024, India has 14 Maharatna and 24 Navratna companies.
List of Maharatna Companies in India 2024
The Maharatna companies enjoy maximum autonomy and can make investment decisions up to a certain limit without requiring government approval. Here’s the latest list of Maharatna companies as of 2024:
| Maharatna Companies |
| Bharat Heavy Electricals Limited |
| Bharat Petroleum Corporation Limited |
| Coal India Limited |
| GAIL India Limited |
| Hindustan Petroleum Corporation Limited |
| Indian Oil Corporation Limited |
| NTPC Limited |
| Oil & Natural Gas Corporation Limited |
| Power Finance Corporation |
| Power Grid Corporation of India Limited |
| Steel Authority of India Limited |
| Rural Electrification Corporation Limited |
| Oil India Ltd |
| Hindustan Aeronautics Limited (Latest Addition) |
Related Update: SJVN, Solar Energy, NHPC, and RailTel have been recently upgraded to Navratna status, experiencing a surge in their shares by up to 5%.
List of Navratna Companies in India 2024
Navratna status grants CPSEs the freedom to invest up to a certain threshold and pursue joint ventures independently. Here’s the updated list of Navratna companies in India for 2024:
| Navratna Companies |
| Bharat Electronics Limited |
| Container Corporation of India Limited |
| Engineers India Limited |
| Mahanagar Telephone Nigam Limited |
| National Aluminium Company Limited |
| National Buildings Construction Corporation Limited |
| Neyveli Lignite Corporation Limited |
| NMDC Limited |
| Rashtriya Ispat Nigam Limited |
| Shipping Corporation of India Limited |
| Rail Vikas Nigam Limited |
| ONGC Videsh Ltd |
| Rashtriya Chemicals & Fertilizers Limited |
| IRCON International Limited |
| RITES Ltd |
| National Fertilizers Limited |
| Central Warehousing Corporation |
| Housing & Urban Development Corporation Limited |
| Indian Renewable Energy Development Agency Limited |
| Mazagon Dock Shipbuilders Limited |
| Railtel Corporation of India Limited |
| Solar Energy Corporation of India (SECI) Ltd. |
| NHPC Limited |
| SJVN Limited |
List of Miniratna Companies in India 2024
The Miniratna category is divided into Category I and Category II. These companies enjoy limited autonomy to make capital investments, with Category I having more privileges than Category II.
Miniratna Category I CPSEs
| Miniratna Category-I Companies |
| Airports Authority of India |
| Antrix Corporation Limited |
| Balmer Lawrie & Co. Limited |
| Bharat Coking Coal Limited |
| Bharat Dynamics Limited |
| BEML Limited |
| Bharat Sanchar Nigam Limited |
| Braithwaite & Company Limited |
| Bridge & Roof Company (India) Limited |
| Central Coalfields Limited |
| Central Electronics Limited |
| Central Mine Planning & Design Institute Limited |
| Chennai Petroleum Corporation Limited |
| Cochin Shipyard Limited |
| Cotton Corporation of India Ltd. |
| EDCIL (India) Limited |
| Garden Reach Shipbuilders & Engineers Limited |
| Grid Controller of India Limited (GRID-INDIA) |
| Goa Shipyard Limited |
| Hindustan Copper Limited |
| Hindustan Steelworks Construction Limited |
| HLL Lifecare Limited |
| Hindustan Paper Corporation Limited |
| HSCC (India) Limited |
| India Tourism Development Corporation Limited |
| Indian Rare Earths Limited |
| Indian Railway Catering & Tourism Corporation Limited |
| Indian Railway Finance Corporation Limited |
| India Trade Promotion Organization |
| KIOCL Limited |
| Mahanadi Coalfields Limited |
| MOIL Limited |
| Mangalore Refinery & Petrochemical Limited |
| Mineral Exploration Corporation Limited |
| Mishra Dhatu Nigam Limited |
| MMTC Limited |
| MSTC Limited |
| National Projects Construction Corporation Limited |
| National Small Industries Corporation Limited |
| National Seeds Corporation |
| Northern Coalfields Limited |
| North Eastern Electric Power Corporation Limited |
| Numaligarh Refinery Limited |
| Pawan Hans Helicopters Limited |
| Projects & Development India Limited |
| Security Printing and Minting Corporation of India Limited |
| South Eastern Coalfields Limited |
| Telecommunications Consultants India Limited |
| THDC India Limited |
| Western Coalfields Limited |
| WAPCOS Limited |
Miniratna Category II CPSEs
| Miniratna Category-II Companies |
| Artificial Limbs Manufacturing Corporation of India |
| Bharat Pumps & Compressors Limited |
| Broadcast Engineering Consultants India Limited |
| Engineering Projects (India) Limited |
| FCI Aravali Gypsum & Minerals India Limited |
| Ferro Scrap Nigam Limited |
| HMT (International) Limited |
| Indian Medicines & Pharmaceuticals Corporation Limited |
| MECON Limited |
| National Film Development Corporation Limited |
| Rajasthan Electronics & Instruments Limited |
Also Read Latest Current Affairs 2024
Maharatna companies are the largest CPSEs in India, enjoying maximum operational and investment autonomy.
There are 14 Maharatna companies, with Hindustan Aeronautics Limited (HAL) being the latest addition.
India has 24 Navratna companies as of 2024.
Miniratna Category I companies are CPSEs that have been profitable and are granted limited autonomy in decision-making and capital investments.
Navratna status allows CPSEs to invest independently up to a certain limit and enter into joint ventures without requiring government approval.
